JAKARTA. The National Police searched the offices of PT Trans Pacific Pertrochemical Indotama (TPPI) in Central Jakarta on Tuesday.

The director of special economic crimes, Brig. Gen. Victor E. Simanjuntak, said that the company was thought to have been involved in a corruption case that led to trillions of rupiah in state losses.

"We suspect that the case, which violated the money laundering law, caused state losses of US$156 million," he told reporters at the National Police headquarters in South Jakarta.

Victor explained that TPPI, which owed US$406 million to PT Pertamina in 2014, was suspected of selling condensers from the Upstream Oil and Gas Regulatory Task Force (SKKMigas) and had their 2008 to 2011 contract extended even though TPPI did not return the profits to SKKMigas.

He explained that the investigators searched the TPPI office for certain documents, such as the contracts between TPPI and SKKMigas and reports on where the money from the condensers might had gone.

However, Victor refused to disclose who the suspects in the case might be.

"We already have the names of the suspects, but we will reveal them later," he said, adding that the case was one of three large corruption cases being investigated by the National Police. (Fedina S. Sundaryani)

Editor: Hendra Gunawan